Job Creation and Destruction

""Job Creation and Destruction" is the bible of the new view of the labor market. Every commentator on job turnover and labor-market dynamics should read this book carefully."<br> -- Robert E. Hall, Professor of Economics and Senior Fellow, Hoover Institution, Stanford University <p> "This landmark study should be read by every economist interested in unemployment, jobs, and the evolution of the economy."<br> -- Peter Diamond, Professor of Economics, MIT Using a recently created longitudinal establishment dataset, Steven J. Davis, John C. Haltiwanger, and Scott Schuh have studied the ebb and flow of jobs in U.S. manufacturing over the last two decades. Their surprising findings about where jobs are created and the frequency of job destruction have led to a body of journal articles and research by many other economists interested in the implications for modeling labor markets and comparisons to other industry settings. The authors now present this research in a single, up-to-date, complete source with an explanation of their methods and a discussion of the usefulness of these concepts and measures for economic policy.